Financial Inclusion in Egypt: Opportunities and Challenges
Authors
Dina Bakr
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Financial inclusion is a crucial component of economic development and social progress. In Egypt, however, financial inclusion remains a challenge, with a large segment of the population lacking access to basic financial services. This paper examines the state of financial inclusion in Egypt, identifies the key opportunities and challenges facing efforts to improve financial inclusion, and explores potential strategies for overcoming these challenges and promoting greater financial inclusion. Through a combination of literature review and empirical analysis, this paper argues that while there are significant obstacles to financial inclusion in Egypt, there are also a range of promising opportunities that can be leveraged to expand access to financial services and promote greater economic inclusion.
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Authors
Dina Bakr
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References:
References:
- Arab Republic of Egypt, Ministry of Planning, Monitoring and Administrative Reform. (2018). Egypt Economic Monitor: Financial Inclusion for Sustainable Growth.
- Central Bank of Egypt. (2019). Annual Report 2018-2019.
- De La Torre, A., Gozzi, J. C., & Schmukler, S. L. (2017). Financial inclusion in Latin America and the Caribbean: drivers, challenges, and policy recommendations. World Bank Publications.
- El-Zoghby, M., & Khalil, M. (2019). Financial Inclusion in Egypt: A Comprehensive Assessment. MEDA: Egypt.
- International Finance Corporation. (2016). Digital Financial Services in Egypt: A Market Sizing Study.
- World Bank. (2018). Egypt Financial Sector Assessment Program (FSAP) 2018.
- World Bank. (2020). Financial Inclusion Data Dashboard: Egypt.
- Zaki, C. (2019). Fintech in Egypt: Opportunities and Challenges. Central Bank of Egypt.
- Central Bank of Egypt. (2019). Annual Report 2018-2019.
- Egypt Independent. (2019). Egypt launches social welfare program for low-income families.
- Financial Times. (2019). Egypt to launch EGP 40bn welfare programme.
- World Bank. (2018). Egypt Financial Sector Assessment Program (FSAP) 2018.
- World Bank. (2020). Financial Inclusion Data Dashboard: Egypt.
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